3-bedroom flat · N1 7LB
For saleListed 769 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This stunning penthouse apartment, immaculately presented throughout, is set within a highly sought-after warehouse conversion just moments away from Old Street.
With a share of the freehold, this residence combines luxury, space, and character in a remarkable way. Spanning approximately 2,745 sq. Ft.
Of premium living space, the apartment also boasts exclusive use of an expansive private roof terrace of around 1,188 sq. Ft., perfect for outdoor living and entertaining.
***disclaimer - Photos of terrace space show decking which is no longer in place*** The apartment is brimming with charm, from its soaring ceilings and striking industrial windows to its exposed steel beams, all contributing to its unique character.
As you step inside, a welcoming hallway leads you into the heart of the home: A spectacular open-plan reception area over 36 ft. In length.
This impressive space is bathed in natural light, thanks to the apartment’s dual aspect and six large industrial windows that wrap around the south and west sides.
The expansive living area currently accommodates two reception spaces, a dining area, bar, and a bespoke open-plan kitchen, ideal for hosting and entertaining.
A spiral staircase offers access to the rooftop terrace, enhancing the apartment’s appeal.
The accommodation comprises a luxurious principal bedroom with a walk-in wardrobe, an en-suite bathroom, and a striking roll-top clawfoot bath.
There are two additional spacious double bedrooms, both with en-suite bathrooms, as well as a separate WC and a large utility/storage room.
Additional features include secure underground parking for one space and the potential to expand, as the apartment previously had planning permission for an extra 600 sq. Ft.
Of living space on the top floor.
Situated just off City Road, the Shepherdess Walk Building is at the heart of ‘Tech City, ’ an area experiencing significant regeneration and investment, attracting leading global tech companies.
Old Street Tube Station is within easy reach, along with frequent bus services along City Road to both the City and West End, making this a prime location for work and leisure.
The City itself is also easily walkable. Offered with no onward chain, this extraordinary property is a rare find in an ever-evolving part of London.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Penthouse, 22, Shepherdess Walk, London
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